The Russian greenback billionaires’ names are on everyone’s lips. LEONID MICHELSON, GENNADIY TIMCHENKO, ALISHER USMANOV and many others… All these focused on financial processes know anyhow who they are and how they've made positive aspects.
Nonetheless, this is the previous and the current of the Russian establishment. But who can grow to be a billionaire in the close to future? We have now analyzed the biographies of the High 5 richest newcomers included by Forbes in its 2017 list of the Top 200 richest businessmen of Russia. None of them has made their first look within the list with 1 billion dollars – however everyone seems to be just steps from that.
All the newcomers are comparatively younger, nonetheless their age is just not a far cry from the one of those businessmen ranked among the many high. The typical age of the leaders is 50-60, and the ‘rising billionaires’ are principally 40-50 years previous. Thus, it might actually be mentioned that that is the next era.
The ‘rising billionaires’ work within the extensively totally different areas such as funding and IT, pharmaceutics and business. At that, most of them have laid the groundwork for his or her future careers as way back as at increased education establishments or just after graduation. As for their relations with the state, the businessmen are used to construction them in numerous ways. Among the ‘rising billionaires’ are involved within the public and political actions in Russia, the others, to the contrary, are lively in adopting the international expertise.
It might be concluded that a person can obtain success in Russia regardless of his or her ability set or background as well work throughout various business sectors. The secret is to find your individual business from the very beginning and to do it when essentially the most of your peers don’t even think something of that yet.
ILYA SHCHERBOVICH, forty two
The President of such investment firm as United Capital Partners is ranked 111th by Forbes. His fortune is worth 950 million dollars.
The SHCHERBOVICH’S profession could be described as the ‘early start’ formulation. In 1991, he arrived in Moscow from Vladimir and entered the celebrated ‘PLESHKA’ (Plekhanov Russian Academy of Economics). As early because the second yr, he began work in one of many establishments managed by the World Financial institution. Then, nonetheless being a scholar, he decamped to the Stock Market Monitoring Group of the Federal Securities Market Commission. As for his diploma, SHCHERBOVICH obtained it working for United Financial Group founded by ex-Vice-Prime Minister Boris FEDOROV and his American companion Charles Ryan.
SHCHERBOVICH worked for UFG for 12 years, having ultimately become the company President and, along with FEDOROV and Ryan, ranked High three UFG house owners. The Firm made major positive aspects within the funding market. In 2003, Deutsche Bank determined to purchase it. The merger of the financial institution and UFG was managed by SHCHERBOVICH for three years.
In 2006-2007, when UFG lastly merged with Deutsche Bank, SHCHERBOVICH give up and created his own investment firm UCP. By August 2013, the company’s assets have reached the full of 3.5 billion dollars. As we speak, UCP continues making successful investments in major Russian companies across varied industries – from TRANSNEFT to VKONTAKTE.
ANDREY BARONOV, fifty one
The founder of VEEAM Software program is ranked 113th by Forbes. The magazine’s specialists charge his fortune at 900 million dollars.
BARONOV is doing enterprise jointly with his former course-mate from the Moscow Institute of Physics and Technology (MIPT) RATMIR TIMASHEV. After his graduation, the latter moved to the United States, from where he, with the assistance of the Russia-based mostly BARONOV, equipped computer equipment to Russia. In 1997, the course-mates established such firm as AELITA Software program, which was engaged in growing company tools for Home windows. In 2004, they sold AELITA Software program for 115 million dollars.
And in 2006, the companions based a brand new software program improvement firm – VEEAM Software. The company is based in Switzerland. Now, over 70% firms of the Fortune 500 checklist are amongst its clients. The VEEAM Software’s revenue for 2016 was 607.4 million dollars.
In 2011, each BARONOV and TIMASHEV were included within the Forbes-made checklist of those High 10 Russian businessmen, who have been able to build enterprise abroad from scratch.
Aleksey REPIK, 37
The founding father of R-PHARM – a bunch of pharmaceutical corporations – and the Co-Chairman of such non-profit-making organization as DELOVAYA ROSSIYA (Enterprise Russia) is ranked 116th by Forbes. His fortune is 900 million dollars.
REPIK had worked within the pharmaceutical trade since 1995 and he established R-PHARM in 2001. Only in two years after that, he obtained his diploma of the Increased Faculty of Economics.
The businessman is a public activist within the space of interaction between the enterprise and the state. REPIK has been the Co-Chairman of DELOVAYA ROSSIYA since 2012. Furthermore, he's a member of the Public Chamber of the RF and the Russian Union of Industrialists and Entrepreneurs, and has the standing of Entrepreneurs’ Rights Protection Commissioner for the President of the Russian Federation.
In 2016, the overall value of R-PHARM was rated at 1.7 billion dollars. In December 2016, an settlement was reached as for the sale of 10% of the company shares to the Japanese corporation Mitsui & Co. Moreover, the corporation obtained an choice for buying one other 10% of the shares.
RATMIR TIMASHEV, 51
The opposite founder of VEEAM Software program is ranked 118th by Forbes. Nevertheless, the amount of his assets is roughly 900 million dollars, as BARONOV has. The business partners are included within the number of the ‘rising billionaires’ shoulder to shoulder.
Having moved to the United States after commencement from the MIPT, TIMASHEV obtained his second higher education – in 1995, he was admitted to a Master’s Diploma in Chemical Physics at Ohio State University. Now, the businessman has a double citizenship of Russia and US.
Each TIMASHEV and BARONOV aren't only engaged in software program development, but the investment to the Russian IT startup development. For this function, in 2005, they created such venture fund as ABRT. Since 2007, ABRT jointly with such European venture fund as Mangrove Capital Partners has supported the program of funding to the IT startups in Russia and different Central and Eastern European nations.
ANDREY KOMAROV, 50
The proprietor of the Chelyabinsk Tube Rolling Plant (the CHTRP Group) got here back to the Forbes score after a four-12 months break, having ranked 128th. The amount of his belongings is rated at 800 million dollars.
In 1989-1992, a graduate from the Moscow Institute of Chemical Engineering KOMAROV labored on the administrative positions in such Moscow theatre as SATIRIKON. Then, he modified his profession way quickly, having began to commerce in metal merchandise.
In 1996, KOMAROV turned the Deputy Normal Director of the CHTRP and began to purchase up the plant’s shares. Now, he owns 72.9% of the CHTRP Group, which incorporates the Chelyabinsk Tube Rolling Plant and the PERVOURALSK New Pipe Plant.
In 2005, KOMAROB was elected to the Federation Council from the Chelyabinsk Area. His powers expired in 2010. Being a senator, he was a member of the Committee for Pure Assets and Environmental Safety.
From 2006 to 2010 (except 2009), KOMAROV was Forbes-listed among the many High one hundred richest businessmen of Russia. In 2007, he was ranked 4th – then his fortune was rated at 500 million dollars. Nevertheless, in 2011-2013, KOMAROV was shifted to the ranking of Top 200 richest businessmen and after that, he fell out from the list at all. In 2014, he turned an individual of curiosity – he was suspected of corrupt business practices.
All in all, it isn't recognized if KOMAROV is exactly a rising billionaire, but it is definitely identified that he's a former one. He nonetheless has possibilities to come back back to the highest – though that's, in all probability, much more tough than to achieve it for the primary time ever.
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